In a recent article from Footwear News, the trade magazine highlighted Foot Locker's current success despite a tough retail environment.
With quarter two reports coming in, Foot Locker out performed projected numbers from analysts as it chalked up a net income of $92 million, 63 cents a share, which bettered its 2013 Q2 totals by 39% when it tallied in $66 million or 44 cents a share. Analysts forecasted 54 cents for FL's Q2 period and with today's reports, Foot Locker has once again has proven that it has the recipe for success despite the difficulties of the current retail climate. As far as net sales, the Foot Locker brought in a staggering $1.64 billion with basketball and running being key categories.
[via Footwear News]
